J&J Snack Foods’ (JJSF) “Buy” Rating Reiterated at Benchmark

Benchmark reissued their buy rating on shares of J&J Snack Foods (NASDAQ:JJSF) in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $200.00 price target on the stock.

J&J Snack Foods Stock Up 1.4 %

NASDAQ JJSF opened at $123.87 on Tuesday. The stock’s 50-day moving average price is $151.88 and its 200-day moving average price is $162.78. The company has a market capitalization of $2.41 billion, a P/E ratio of 27.84 and a beta of 0.64. J&J Snack Foods has a 52 week low of $116.60 and a 52 week high of $180.80.

J&J Snack Foods (NASDAQ:JJSF) last issued its quarterly earnings results on Monday, February 3rd. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.29). J&J Snack Foods had a net margin of 5.50% and a return on equity of 10.32%. Research analysts anticipate that J&J Snack Foods will post 5.49 EPS for the current year.

J&J Snack Foods Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Tuesday, December 17th were issued a dividend of $0.78 per share. The ex-dividend date was Tuesday, December 17th. This represents a $3.12 dividend on an annualized basis and a yield of 2.52%. J&J Snack Foods’s dividend payout ratio is presently 70.11%.

Hedge Funds Weigh In On J&J Snack Foods

A number of hedge funds have recently made changes to their positions in the business. Smartleaf Asset Management LLC boosted its stake in J&J Snack Foods by 163.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 319 shares of the company’s stock worth $50,000 after purchasing an additional 198 shares during the period. Blue Trust Inc. boosted its position in shares of J&J Snack Foods by 39,000.0% during the third quarter. Blue Trust Inc. now owns 391 shares of the company’s stock worth $63,000 after acquiring an additional 390 shares during the last quarter. GAMMA Investing LLC grew its stake in J&J Snack Foods by 24.0% during the third quarter. GAMMA Investing LLC now owns 454 shares of the company’s stock valued at $78,000 after acquiring an additional 88 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in J&J Snack Foods in the 2nd quarter worth $76,000. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of J&J Snack Foods during the 4th quarter valued at about $74,000. Institutional investors own 76.04% of the company’s stock.

J&J Snack Foods Company Profile

J&J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada. It operates through three segments: Food Service, Retail Supermarkets, and Frozen Beverages. It offers soft pretzels under the SUPERPRETZEL, SUPERPRETZEL BAVARIAN, NEW YORK PRETZEL, BAVARIAN BAKERY, and BRAUHAUS brands, as well as under the private labels; frozen novelty under the DIPPIN'DOTS, LUIGI'S, WHOLE FRUIT, DOGSTERS, PHILLY SWIRL, ICEE, and MINUTE MAID brands; churros under the HOLA! and CALIFORNIA CHURROS brands; and handheld products under the SUPREME STUFFERS and SWEET STUFFERS brands.